Agnico Eagle Mines (AEM) has acquired 26,000,000 common shares of Osisko Metals pursuant to a non-brokered private placement for C$0.48 per common share for total consideration of C$12,480,000.
Agnico Eagle acquired the common shares as part of its strategy of acquiring strategic positions in prospective opportunities with high geological potential.
Following the private placement, Agnico Eagle holds 67.2 million common shares and 20.6 million warrants, representing approximately 9.85% of outstanding shares on a non-diluted basis and 12.49% on a partially diluted basis.